Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
LATAM Airlines Group SA Sponsored ADR (LTM)
NYSE:LTM
RESEARCH TOOLSreports
Holding LTM?
Track your performance easily
Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.71Last Year’s EPS
$0.28Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 2.47%
|Next Earnings Date:Mar 11, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with significant progress in capacity growth, financial performance, and liquidity improvement. Despite some challenges such as a decrease in revenue per ASK and a one-time negative impact from debt refinancing, the company's strong operational and financial metrics, successful debt refinancing, and credit rating upgrades contribute to a positive sentiment.Company Guidance
During the third quarter of 2024, LATAM Airlines provided detailed guidance, highlighting strong operational and financial performance. The airline increased its capacity by 15.1%, maintaining a high load factor and transporting 21.1 million passengers, marking a 7.1% increase from the previous year. LATAM reported an adjusted EBITDAR of $828 million with a 25.2% margin and a net income of $301 million, bringing the year-to-date net income to $705 million, a 41.3% year-over-year increase. The company maintained a leverage ratio of 1.7x and liquidity of $3.6 billion. Despite a 7.7% decrease in consolidated revenues per ASK due to lower jet fuel prices and currency depreciation, LATAM improved its margins by 14% compared to prior quarters. The company has updated its full-year 2024 guidance, expecting adjusted EBITDAR to exceed $3 billion, driven by continued demand stability and cost discipline. Further, LATAM successfully refinanced $1.4 billion of debt at a lower interest rate, contributing to expected interest savings of $118 million in 2025.Increased Capacity and Passenger Growth
LATAM increased its capacity by 15.1% while maintaining a high load factor and transported 21.1 million passengers, a 7.1% increase compared to the same period of last year. Over the past 12 months, passenger numbers reached 80.6 million.
Strong Financial Performance
Adjusted EBITDAR was $828 million with a 25.2% margin. Net income for the quarter totaled $301 million, a 41.3% increase year-over-year. Year-to-date net income reached $705 million.
Improved Liquidity and Leverage
LATAM reported $3.6 billion in liquidity and achieved a net leverage ratio of 1.7x, the lowest for a widebody carrier in the Americas.
Successful Debt Refinancing
LATAM refinanced $1.4 billion of debt at an interest rate of 7.878%, contributing to savings of approximately $118 million in interest payments for 2025.
Positive Credit Rating Upgrades
Standard & Poor's upgraded LATAM's credit rating to BB- with a positive outlook, and Moody's raised it to Ba2 with a stable outlook.
---
LATAM Airlines Group SA Sponsored ADR (LTM) Earnings, Revenues Date & History
LTM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
LTM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $27.08 | $27.43 | +1.29% |
| Aug 07, 2024 | $23.57 | $23.77 | +0.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does LATAM Airlines Group SA Sponsored ADR (LTM) report earnings?
LATAM Airlines Group SA Sponsored ADR (LTM) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is LATAM Airlines Group SA Sponsored ADR (LTM) earnings time?
LATAM Airlines Group SA Sponsored ADR (LTM) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LTM EPS forecast?
LTM EPS forecast for the fiscal quarter 2024 (Q4) is $0.71.
---